NEWS
China Could Cancel 2 MMT of Soy Imports
Lin Tan DTN China Correspondent
Mon Jan 27, 2014 12:33 PM CST

BEIJING (DTN) -- China imported a record 63.37 million metric tons (2.3 billion bushels) of soybeans in 2013. Another record delivery of 5.4 mmt (198.4 mb) is on tap for January, reflecting several demand pattern changes, experts said.

Chinese soybean importers have shifted the timing of their purchases to take advantage of basis, one of the biggest changes affecting the U.S. export market.

"Buyers now try to buy beans early in the crop year to catch the lower basis and ocean fright," said Zhonghua Wang, a trader in Beijing. Crushing companies like to book their cargo whenever they see a ...

Quick View
  • Dr. Dan Talks Agronomy Can you trim inputs while growing soybeans in 2015? Here's a look at what you can and can't cut.
  • Fescue Workaround Fescue can be a challenge, but Butch Foster said he and his dad, Bob, put 200 to 250 pounds on ca...
  • Ask the Taxman by Andy Biebl Readers pose tax questions on how to justify repairs, handle capital gains on a residence and com...
  • Senior Partners - 1 Think how rural communities could rejuvenate if farmland rents stayed local rather than flowing t...
  • Sample With Precision Dan Davidson looks at how to measure the horsepower of your soil with the Solvita soil respiratio...
  • USDA Defines Actively Engaged Under the 2014 farm bill, family operations are exempted from proposed changes in actively engage...
  • New Paths Max payments forecast in areas of hardest-hit 2014 corn yields.
  • She's Got It All Alicia Mielke is a farm girl originally from Harrington, Wash., who continues to lend a hand to h...
  • Ask the Vet Would a bull with an undescended testicle or one that was a hard pull at birth be worthy of breed...
Related News Stories
Exporters Report Soybean Sale
Brazil Crop Outlook - 1
The Art of Planting - 8
Informa Lowers Brazil Soy Forecast
The Art of Planting - 7
Brazil Truckers Continue Protest
The Art of Planting - 6
Exporters Report Soybean Sale
The Bt Battle
USDA Report Head-Scratcher